Data reported by the Canada Energy Regulator (CER) for Western Canada’s propane inventories at the end of May (left hand chart in top figure below) were posted at 4.86 MMb, with an average seasonal build of 0.55 MMb versus April and stand 1.24 MMb (+34%) above the five-year average. In contrast, those in Eastern Canada (right hand chart) came in at 1.41 MMb, with a well below average increase of just 0.09 MMb versus April and stand 0.62 MMb (-30%) below the five-year average. Disruptions on a major NGLs pipeline in Alberta during the month appear to have had little impact on inventory builds in Western Canada, but may have played a role in reducing shipments of propane to Eastern Canada, greatly slowing that region’s inventory builds.
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